Lumentum Announces Fiscal Third Quarter 2024 Financial Results [Yahoo! Finance]
Lumentum Holdings Inc. (LITE)
Last lumentum holdings inc. earnings: 2/4 07:30 am
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Source: Yahoo! Finance
GAAP diluted net loss per share of $1.88; Non-GAAP diluted net income per share of $0.29 SAN JOSE, Calif., May 06, 2024 BUSINESS WIRE )--Lumentum Holdings Inc. ("Lumentum" or the "Company") today reported results for its fiscal third quarter ended March 30, 2024. "Lumentum is well-positioned to capitalize on surging cloud data center demand driven by the exponentially increasing requirements of artificial intelligence," said Alan Lowe, President and CEO. "We are making significant strides in developing new products and customer programs, and expanding production capacity to capitalize on exciting opportunities that we expect will meaningfully increase calendar 2025 revenue and beyond." "Our third-quarter revenue and EPS exceeded guidance midpoints, with data center revenues achieving a record quarter. The next few quarters' revenue will continue to be burdened by telecom customer inventory challenges as telco spending has slowed but we are highly confident in our market positio
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